Hilltop (NYSE:HTH) Rating Reiterated by Stephens

Hilltop (NYSE:HTH)‘s stock had its “hold” rating reissued by research analysts at Stephens in a report issued on Thursday, AnalystRatings.com reports. They presently have a $27.00 target price on the financial services provider’s stock. Stephens’ price target would suggest a potential upside of 5.97% from the company’s previous close.

A number of other equities research analysts also recently issued reports on HTH. ValuEngine upgraded shares of Hilltop from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 30th. TheStreet upgraded shares of Hilltop from a “c+” rating to a “b-” rating in a research note on Friday, July 19th. Finally, Raymond James upgraded shares of Hilltop from a “market perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $23.90.

Hilltop stock traded up $0.29 during trading hours on Thursday, reaching $25.48. 500,616 shares of the stock were exchanged, compared to its average volume of 468,240. The company has a market cap of $2.33 billion, a P/E ratio of 19.91 and a beta of 0.82. The company has a current ratio of 0.99, a quick ratio of 0.85 and a debt-to-equity ratio of 0.03. Hilltop has a twelve month low of $16.43 and a twelve month high of $25.61. The stock has a 50 day moving average of $24.04 and a two-hundred day moving average of $22.25.

Hilltop (NYSE:HTH) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.33. The firm had revenue of $454.61 million for the quarter, compared to the consensus estimate of $406.30 million. Hilltop had a net margin of 11.56% and a return on equity of 10.14%. During the same period in the prior year, the company posted $0.38 earnings per share. On average, analysts expect that Hilltop will post 2.15 earnings per share for the current fiscal year.

In other news, insider Darren E. Parmenter sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $24.00, for a total value of $96,000.00. Following the sale, the insider now directly owns 35,778 shares in the company, valued at approximately $858,672. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 21.20% of the company’s stock.

Large investors have recently bought and sold shares of the stock. NumerixS Investment Technologies Inc acquired a new stake in Hilltop during the 2nd quarter worth approximately $26,000. Public Employees Retirement System of Ohio boosted its position in Hilltop by 87.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,404 shares of the financial services provider’s stock worth $30,000 after buying an additional 653 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in Hilltop during the 2nd quarter worth approximately $40,000. Point72 Hong Kong Ltd acquired a new stake in Hilltop during the 2nd quarter worth approximately $54,000. Finally, Garrett Wealth Advisory Group LLC acquired a new stake in Hilltop during the 3rd quarter worth approximately $86,000. Institutional investors and hedge funds own 61.89% of the company’s stock.

Hilltop Company Profile

Hilltop Holdings Inc provides banking and financial products and services. The company operates in four segments: Banking, Broker-Dealer, Mortgage Origination, and Insurance. The Banking segment offers savings, checking, interest-bearing checking, and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, loans for purchasing and carrying securities, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.

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